Business Confidence down in March to 115.4

In Australia, Business Confidence fell 4.6pts (-3.8%) to 115.4 in March 2018, according to the latest Roy Morgan Business Single Source survey. However, Business Confidence remains 1.6pts higher than a year ago and continues its best start to a year since 2014, averaging 119.3 in the first three months of 2018. Some 52.3% of businesses (down 1ppt) now expect "good times" for the Australian economy over the next 12 months, while 40.1% (up 1ppt) expect "bad times". Meanwhile, 51.2% (up 7.7ppts) say their own business will be "better off" financially this time next year, while 17.8% (up 0.7ppt) expect the business to be "worse off" this time next year.